The following is the first part of an abridged transcription of the Round Zero Conference Call with PEMEX investors that took place this morning. We have tried to limit the text to everything that is not directly read off the accompanying presentation, which you can download in Spanish from PEMEX’s website here, and which [...]Continue Reading →
On March 18th 1938, Mexican president Lazaro Cardenas began the process of nationalizing all oil reserves, resources and facilities. Although this historic event is now perceived as an indispensable starting point for the modernization of post-revolutionary Mexico, it was at the time a culmination of over ten years of strikes and labor disputes between unyielding [...]Continue Reading →
Just how important a year is 2014 for the Mexican oil and gas industry?
Perhaps a clue can be found in the official memo filed with the Mexican Stock Exchange meant to summarize the monumental changes that are about to reshape the industry:
Decree that amends and [...]Continue Reading →
The case of contractor Oceanografía has been years in the making; although most of what is being reported now concerns its most recent actions, general knowledge of its practices stretch back to the administration of President Vicente Fox. Although Oceanografía is now literally scrambling in its attempt to run from the [...]Continue Reading →